3 - 17 - 3/17/2008 6:58:00 PM Review: Industrial revolution...

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17/03/2008 17:58:00 Review:  Industrial revolution happens when the steam engine is harnessed by  applications of transport, etc.  Leap in productivity of labor and capital  Not a one-time leap, a sustained leap in productivity  Ex. Earlier, when someone developed a new kind of technology, it would be a  one-time increase and is not sustained Things don’t reach a plateau because there is a continued ability to keep  going up (w/ steam engine)  When businesses begin to compete, they begin to really look at what kinds of  innovations would bring greater productivity Insofar as wages reflect increases in productivity, general standards of living  begin to improve as well o This is why people now expect that from generation to generation,  living conditions will improve  But concern about productivity is now how the initial breakthrough takes  place:  contingency and globalization are important factors o Use of coal, geological accident  Steam engine emerges under unique circumstances  o The role of Indian textile competition England led in wool and linen Small modifications result to increase productivity This actually begins in 1720s, before industrial revolution  By 1780s and '90s we have a combination of steam and textiles English East Indian company challenges domestic market o Design process becomes increasingly rational once things start up  Where did these entrepreneurs come from?  Feudalism helps create this assertive class Overseas expansion Military Development European State System Scientific thought
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Europe now begins to take off
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This note was uploaded on 04/10/2008 for the course HIST 205 taught by Professor Matsusaka during the Fall '08 term at Wellesley College.

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3 - 17 - 3/17/2008 6:58:00 PM Review: Industrial revolution...

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